This property looks like a bad Mid-Term investment with a projected -14.5% first-year return on $145k initial cash invested.
-14.5%
Cash On Cash
2.83%
Cap Rate
0.46
DSCR
$2,674
Rent
-$1,747
Cashflow
Cash Flow
$2,674 income − $4,421 expenses = $1,747 out of pocket
Investment Breakdown
|
Purchase Price
$603k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,028
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,674
Total Expenses
$4,421
Mortgage P&I
114%
$3,061
Property Taxes
9%
$236
Home Insurance
8%
$215
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294